Expert Q&A: What Is the One Thing a Buyer Should Understand?

April 17th, 2014 |
by The Update

Photo / Shutterstock

Pam Brannon
A: In this market, I think the biggest thing for buyers to know right now it to act! Because the inventory of homes for sale is so low, the competition for well-priced homes is strong. If buyers don’t get there quickly, they stand to lose the opportunity to submit an offer and own a new home. This is true in a variety of price points of homes and in many neighborhoods throughout the Metroplex. c: 214.912.1756 | pbrannon@briggsfreeman.com | pamelabrannon.com

James Keoughan
A: From a commercial property standpoint, most buyers want to know what their investment is going to do for them. Most investments in D-FW are cash flow – you make your money from the rent versus your expenses. That’s because property values don’t appreciate as much here as they do in other parts of the county. In California, for instance, cash flow is low and most investors buy for the resale value. c: 972.523.9740 | jkeoughan@briggsfreeman.com | jameskeoughan.com

Anne Goyer
A: Real estate doesn’t necessarily work on your timeline. I think some people decide to buy a home and think they’ll keep it for three years or until they have three kids, and then sell. But you can’t predict what the market will be like in three years, or 10 years. You have to be flexible in your timing and be able to hold onto a home until you can make money on your investment. c: 214.457-0417 | agoyer@briggsfreeman.com | gioiagoyer.com

Pete Ryan
A: Time is the most important element in a good real estate investment, so buyers need to consider how a property will hold up in the long term. If a home is in a good location and is well priced, the only sticking point to get over, from an investment standpoint, is determining its staying power. If the property can hold its value over time, then you have a good investment. c: 214.957.3547 | pryan@briggsfreeman.com